Analysts predict that Sanderson Farms, Inc. (NASDAQ:SAFM) will post $1.07 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Sanderson Farms’ earnings. The lowest EPS estimate is $0.71 and the highest is $1.21. Sanderson Farms reported earnings per share of $1.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, February 22nd.

According to Zacks, analysts expect that Sanderson Farms will report full-year earnings of $9.90 per share for the current financial year, with EPS estimates ranging from $7.13 to $11.38. For the next fiscal year, analysts anticipate that the company will post earnings of $7.22 per share, with EPS estimates ranging from $4.88 to $9.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Sanderson Farms.

Sanderson Farms (NASDAQ:SAFM) last issued its earnings results on Thursday, December 14th. The company reported $3.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.50 by ($0.30). The company had revenue of $919.90 million for the quarter, compared to analyst estimates of $916.07 million. Sanderson Farms had a net margin of 8.34% and a return on equity of 20.97%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $3.36 EPS.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Sanderson Farms from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, October 17th. BidaskClub lowered shares of Sanderson Farms from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Barclays reissued an “equal weight” rating and set a $150.00 target price (up previously from $136.00) on shares of Sanderson Farms in a research note on Thursday, December 14th. Morgan Stanley assumed coverage on shares of Sanderson Farms in a research note on Friday, November 3rd. They set an “equal weight” rating and a $140.00 target price for the company. Finally, BMO Capital Markets reissued a “hold” rating and set a $140.00 target price on shares of Sanderson Farms in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $137.80.

Shares of Sanderson Farms (SAFM) traded up $0.69 during trading hours on Monday, hitting $127.26. 391,499 shares of the company’s stock were exchanged, compared to its average volume of 522,917. The firm has a market cap of $2,900.00, a price-to-earnings ratio of 10.35 and a beta of 0.47. Sanderson Farms has a 52 week low of $89.75 and a 52 week high of $176.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, January 30th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, January 29th. Sanderson Farms’s payout ratio is presently 10.41%.

In related news, Director Jones Gail Pittman sold 260 shares of Sanderson Farms stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $140.92, for a total value of $36,639.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.30% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Sanderson Farms by 4.9% in the 4th quarter. BlackRock Inc. now owns 2,193,866 shares of the company’s stock valued at $304,466,000 after purchasing an additional 102,488 shares during the last quarter. Vanguard Group Inc. raised its holdings in Sanderson Farms by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,903,103 shares of the company’s stock worth $220,094,000 after acquiring an additional 98,236 shares during the period. LSV Asset Management raised its holdings in Sanderson Farms by 0.9% in the 4th quarter. LSV Asset Management now owns 1,137,916 shares of the company’s stock worth $157,919,000 after acquiring an additional 10,500 shares during the period. Acadian Asset Management LLC raised its holdings in Sanderson Farms by 11.2% in the 4th quarter. Acadian Asset Management LLC now owns 692,119 shares of the company’s stock worth $96,048,000 after acquiring an additional 69,797 shares during the period. Finally, State Street Corp raised its holdings in Sanderson Farms by 7.2% in the 2nd quarter. State Street Corp now owns 543,962 shares of the company’s stock worth $62,910,000 after acquiring an additional 36,489 shares during the period.

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Sanderson Farms Company Profile

Sanderson Farms, Inc is a poultry processing company. The Company is engaged in the production, processing, marketing and distribution of fresh and frozen chicken, and also preparation, processing, marketing and distribution of processed and minimally prepared chicken. It sells ice pack, chill pack, bulk pack and frozen chicken, in whole, cut-up and boneless form, under the Sanderson Farms brand name to retailers, distributors, casual dining operators, customers reselling frozen chicken into export markets.

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Earnings History and Estimates for Sanderson Farms (NASDAQ:SAFM)

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